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Hamilton, Bermuda – 3^rd, September 2021 – In a filing with the Bermuda Stock Exchange (“BSX”), Jardine Matheson Holdings Limited (Ticker: JMHBD.BH) announces a Directorate Change.  The filing stated:

 

Jardine Matheson Holdings Limited (the ‘Company’) announces that Alex Newbigging will leave the Jardine Matheson Group (the ‘Group’) on 31st December 2021 to relocate to the United Kingdom with his family and pursue other interests. Accordingly, he will step down from the Board of the Company as of that date.

 

Alex has had a long and distinguished career with the Group. He assumed his current role as Chief Executive of Jardine International Motors in 2019 to oversee the Group’s automotive interests across Southeast Asia and China. Prior to this role, Alex was the Group Managing Director of Jardine Cycle & Carriage for seven years, and before that, the Chief Executive of Jardine Engineering Corporation for four years. Alex joined the Group in 1995, and in addition to Hong Kong and Singapore, has held roles with various Group businesses in Malaysia, the Philippines and Australia.

 

Most recently, Alex has played a key role in the transfer of the Group’s Zung Fu Mercedes-Benz automotive dealership business in the Chinese mainland to Zhongsheng Group (‘Zhongsheng’) - an important transaction to strengthen the Group’s strategic partnership with Zhongsheng, a leading automotive distribution group in China.

 

Ben Keswick, Executive Chairman, said:

 

“We are grateful to Alex for the contributions he has made over the years as the leader of several of our businesses and as a member of the Board. We wish Alex and his family all the best, and we look forward to continuing our longstanding friendship.”

 

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For further information, please contact:

 

Investor and media enquiries:

 

Jonathan Lloyd
Jardine Matheson Limited	(852) 2843 8223
Brunswick Group Limited
Sunitha Chalam	(852) 3512 5050

 

 

 

 

This and other Group announcements can be accessed through the internet at www.jardines.com.

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For more information on the Bermuda Stock Exchange (BSX), contact James Best at 1-441-292-7212 or jbest@bsx.com . Information is also available at www.bsx.com and on Bloomberg at BSX.

 

Established in 1971 the Bermuda Stock Exchange (BSX) is the leading fully electronic offshore securities market. The BSX specializes in listing and trading of capital market instruments such as equities, debt issues, funds, hedge funds, derivative warrants and Insurance Linked Securities.

 

The BSX is a full member of the World Federation of Exchanges (WFE) and is in an O.E.C.D. member nation and an affiliate member of IOSCO. The BSX is recognised by the US SEC as a Designated Offshore Securities Market. In addition, the BSX is recognized by the U.S. Securities & Exchange Commission (SEC) as a Designated Offshore Securities Market under Regulation S; The Financial Services Authority in the UK as a Designated Investment Exchange; HM Revenue & Customs in the UK as a Recognized Stock Exchange; The Bermuda Monetary Authority as a Recognised Investment Exchange; and as an Approved Stock Exchange under Australia’s Foreign Investment Funds (FIF) taxation rules; and Designated Exchange status under Canada’s Income Tax Act and is a member of America’s Central Securities Depository Association.